2006 (7) TMI 508

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..... agyadevi, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. After examining the records and hearing both sides, we are of the view that the appeals require to be finally disposed of at this stage. Accordingly, after dispensing with predeposit, we take up the appeals. 2. The appellants are engaged in the manufacture of motor vehicles viz. Tippers falling under Heading 8 .....

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..... cation of these notices, learned Commissioner of Central Excise confirmed the entire duty demand and appropriated towards such demand the amount paid by the assessee earlier (8% of the price of exempted goods) under Rule 6 of the CENVAT Credit Rules, 2002. Learned Commissioner also imposed a total amount of penalty of Rs. 3,75,000/- on the party under Rule 25 of the Central Excise Rules, 2002. .....

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..... unt so appropriated is over Rs. 37 lakhs and consequently the amount payable by the assessee in terms of the impugned order is about Rs. 37 lakhs (differential amount). It is further submitted that, in the event of this differential amount of duty having to be paid by the assessee, they will be eligible for Cenvat credit of the duty paid on chassis, which, in the estimate of learned Counsel, is m .....

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